Effective January 1, 2018 the State sales tax rate will drop from 6% to 5.8% for the total rent charged for renting,leasing, letting or granting a license to use real property. This includes rentals for commercial office or retail space,warehouses and self-storage units, or mini-warehouses. Both Sarasota and Manatee County require a 1% surtax, so the total tax on Commercial Rentals will be 6.8%
If you rent a commercial space, this means your sales tax will go down .2% beginning with your January 2018 rent payment. Your landlord may or may not be aware of this! Make sure you reduce your rent payment accordingly, and communicate with your landlord.
If you own a commercial property and lease it out, you will collect .2% less tax.
Make sure to notify your tenants and collect accordingly!